Joint Operating Agreement
In 1960, Pittsburgh had three daily papers: the Post-Gazette in the morning, and the Pittsburgh Press and the Pittsburgh Sun-Telegraph in the evening and on Sunday. The Post-Gazette bought the Sun-Telegraph (which had bought the old Chronicle-Telegraph), and moved into the Sun-Telegraph's Grant Street offices.
The Post-Gazette tried to publish a Sunday paper to compete with the Sunday Press but it was not profitable; rising costs in general were challenging the company's bottom line. In November 1961, the Post-Gazette entered into an agreement with the Pittsburgh Press Company to combine their production and advertising sales operations. The Post-Gazette owned and operated its own news and editorial departments, but production and distribution of the paper was handled by the larger Press office. This agreement stayed in place for over 30 years.
Read more about this topic: Pittsburgh Post-Gazette
Famous quotes containing the words joint, operating and/or agreement:
“There is no such thing as “the Queen’s English.” The property has gone into the hands of a joint stock company and we own the bulk of the shares!”
—Mark Twain [Samuel Langhorne Clemens] (1835–1910)
“Many people operate under the assumption that since parenting is a natural adult function, we should instinctively know how to do it—and do it well. The truth is, effective parenting requires study and practice like any other skilled profession. Who would even consider turning an untrained surgeon loose in an operating room? Yet we “operate” on our children every day.”
—Louise Hart (20th century)
“No one can doubt, that the convention for the distinction of property, and for the stability of possession, is of all circumstances the most necessary to the establishment of human society, and that after the agreement for the fixing and observing of this rule, there remains little or nothing to be done towards settling a perfect harmony and concord.”
—David Hume (1711–1776)